Dissertation Data on Comparative Analysis of Anti-Money Laundering throughout the UK and Cyprus
The subsequent article represents a dissertation info that undergraduate and grasp diploma regulation faculty college students might use for worldwide regulation. This info might make it easier to in writing a dissertation on a comparative analysis of anti-money laundering authorized tips throughout the UK and Cyprus… to see which one works most interesting.
Half 1: My understanding of the topic
1.0Cyprus
I imagine that Cyprus is an excellent different given that it is a mecca for such illicit actions as cigarette smuggling, arms shopping for and promoting, terror financing and naturally money laundering. An article in Forbes journal observes:
“As quickly as part of the Byzantine Empire, Cyprus is an effective place to make points disappear. This nation, inhabitants 740,000, has prolonged been a way station for rogues and scoundrels, the place officers have traditionally been ready to look the other technique”. (http://members.forbes.com/worldwide/2006/0424/050.html)
Given its fascinating earlier and new makes an try to redefine itself I imagine Cyprus is certainly glorious for a comparability with money laundering advances throughout the UK.
The Cypriot authorities has enacted substantial authorized tips to struggle money laundering most notable of which is the Prevention and Suppression of Money Laundering Actions Laws 1996 (Journal of Worldwide Banking Laws, 2006, 21(2), N15. The Cypriot system is so excellent on account of it has been analysed at the least thrice by the Council of Europe by the Moneyval Committee: (http://www.coe.int/t/dghl/monitoring/moneyval/).
These three research have been carried out in 1998, 2001 and 2005 and would supply an unlimited part of the evaluation on the evolution of Cyprus’ money laundering legal guidelines. I’ve moreover found some journals on the subject throughout the Journal of Worldwide Banking Laws which has featured some articles on the subject and it is clear thatCyprus’ legal guidelines complies completely with the entire plethora of European authorized tips on the subject: Directive 91/308 [1991] as amended by Directive 2001/97 [2001].
2.0The UK
TheUK has now an unprecedented system of money laundering which interferes with private contractual relations to a degree which no totally different European nation does (See Paul Marshall in B.J.I.B. & F.L. 2010, 25(5), 287-290). It is distinctive on account of it renders common contractual obligations robotically illegal. The sources of the regulation are literally contained inside:
Terrorism Act 2000
Anti-terrorism, Crime and Security Act 2001
Proceeds of Crime Act 2002
Essential Organised Crime and Police Act 2005
The principal piece of legal guidelines is the Proceeds of Crime Act 2002 nonetheless we have now now to moreover take into account the three EC directives (the two above plus 2005/60/EC) and the two Money Laundering Guidelines, 2003 and 2007, which the EC Directives spawned. Inside this framework we’re capable of understand the uniqueUKsystem.
There have been points with the money laundering system throughout the UK nonetheless, with the selection in Shah v HSBC Private Monetary establishment Ltd exposing the frailties of the consent system with Paul Marshall (B.J.I.B. & F.L. 2010, 25(5), 287-290) noting that the current regime may not survive given the implications of the selection: a declare for damages would possibly now be made by someone who’s being accused beneath a Suspicious Train Report (SAR) with out appropriate justification. This decision have to be fastidiously scrutinized to judge theUK system appropriately and to produce the premise for ideas primarily based totally on an analysis of the Cypriot system as correctly.
Half 2: The development of the dissertation
Introduction
Abstract
Half 1: Money Laundering and society
(a) The historic enchancment of money laundering
(b) The evolution of money laundering in Europe
(c) New threats: terror funding and the net
Half 2: The Cypriot system of Money Laundering
(a) The Moneyvel investigations 1998, 2001, 2005
(b) Current legal guidelines in Cyprus
(c) Is the current system working in Cyprus?
Half three: The UK system of Money Laundering
(a) The legal guidelines
(b) Necessary case regulation
(c) Shah v HSBC Private Monetary establishment and the system of consent
(d) Strengths and weaknesses of the UK system
Half 4: A comparative analysis of Cyprus and the UK
Half 5: Secondary case regulation evaluation on money laundering throughout the UK
(a) Cases launched from 2003-2011
Half 6: Options
Half 7: Conclusions
Half three: Concluding Remarks
That’s clearly my first draft of a development and there might correctly be modifications nonetheless I imagine that it could very properly be an exquisite dissertation and rather well timed. The evaluation carried out on case regulation from Westlaw and Lexis Nexis might very properly be achieved to judge utilizing the money laundering system from when the Act received right here into strain (2002/2003) to present day. Westlaw may very well be very useful on this functionality and some strong conclusions might very properly be drawn: eg what variety of convictions have there been beneath the money laundering provisions on this timeIs the system too stacked in direction of the innocentBy answering these questions the overall intention of the dissertation might very properly be established.
